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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (34942)	9/22/2000 2:50:27 PM
From: Nicole Bourgault	Respond to of 56532

News T.WIN Wi-LAN Inc WIN Shares issued 22,220,472 Sep 21 close $34.00 Fri 22 Sept 2000 In the News The National Post reports in its Friday edition that Wi-LAN has confirmed that U.S. federal regulators declined an application by the high-speed wireless communications firm to certify one of its products as early as last May, but the company only disclosed the information on Sept. 15. The Post's Carol Howes writes that Hatim Zaghloul, Wi-LAN's chief executive, said the decision was not made sooner because the firm was confident it would win approval after a "petition for reconsideration" was filed to the Federal Communications Commission on May 26. "It wasn't material in our view," he said. "Management makes decisions on material events on a daily basis." According to a letter from the FCC, the petition for reconsideration was filed by Wi-LAN was denied on Aug. 17. The Sept. 15 press release explaining the denial made no mention that Wi-LAN had already been turned down twice. Also, on Thursday, in what is considered rare by industry standards, Mr. Zaghloul responded to concerns by investors on a popular chat line, saying the application's rejection has made the company refocus more of its resources on larger markets.